Tag Archives: Luxembourg

Swiss Re to Sell iptiQ European P&C Business to Allianz Direct, Expanding B2B2C Presence Across Europe

(IN BRIEF) Swiss Re is selling its iptiQ European P&C business to Allianz Direct, including its Luxembourg-based risk carrier, over 100 employees, and existing distribution agreements in several European markets. This move aligns with Swiss Re’s strategy to exit iptiQ, … Read the full press release

VELUX Partners with ArcelorMittal to Reduce Carbon Footprint with Low-Emission Steel

(IN BRIEF) The VELUX Group has signed a 10-year agreement with ArcelorMittal to supply low-carbon XCarb® steel for its roof windows, reducing the carbon footprint of steel used in its products bym up to 70%. This collaboration follows successful tests … Read the full press release

Team Europe Unites to Bolster Economic Development in ACP Nations with New €74 Million Funding Initiative

(IN BRIEF) The ACP Trust Fund has secured over €74 million in pledges from seven EU member states, including Denmark, Finland, Germany, Luxembourg, Portugal, Spain, and Sweden, to support economic growth in African, Caribbean, and Pacific (ACP) countries. This funding … Read the full press release

EBRD-Backed Sanum per Fructus Modernizes Serbian Beekeeping with Digital Innovation for Sustainable Honey Production

(IN BRIEF) Sanum per Fructus, a honey producer in Kragujevac, Serbia, is modernizing its operations by integrating digital technology while maintaining traditional beekeeping practices. Supported by the EBRD’s Youth in Business Programme, the company connects with local beekeepers through a … Read the full press release

European Investment Bank Re-enters USD SSA Markets with $5 Billion 5-Year Global Benchmark Bond

(IN BRIEF) The European Investment Bank (EIB) has successfully re-entered the USD bond market with a new $5 billion 5-year Global benchmark bond, offering a 3.750% semi-annual coupon. This issuance, which brings EIB’s total USD issuance for the year to … Read the full press release

SISTO Armaturen S.A. Introduces Automated Multi-Port Valve to Revolutionize Pharmaceutical Production

(IN BRIEF) SISTO Armaturen S.A., part of the KSB Group, has developed the SISTO-CM1300, an automated multi-port valve designed to optimize pharmaceutical production processes. This valve automates the switching of fluids in cleaning and sterilization processes, reducing the risk of … Read the full press release

Accenture Acquires Arηs Group to Expand European Tech Services

(IN BRIEF) Accenture has completed its acquisition of Arηs Group, a Luxembourg-based technology services provider, enhancing its capabilities in both public and private sector transformations across Europe. Announced in March 2024, the acquisition adds over 2,330 specialists in software development, … Read the full press release

EIB Group Expands in Cyprus with New Office in Nicosia to Boost Local Economy

(IN BRIEF) The European Investment Bank Group (EIB Group) is set to expand its presence in the European Union by opening a new office in Nicosia, Cyprus. This decision was revealed during discussions between EIB Group President Nadia Calviño and … Read the full press release

Globalization Trends: DHL Study Spotlights EU’s Rising International Influence

(IN BRIEF) In the latest DHL Global Connectedness Report, the Netherlands emerges as the most globalized country in the European Union, closely followed by Ireland and Luxembourg. Notably, 14 EU member states, including Malta, Belgium, Denmark, Sweden, Germany, Cyprus, Hungary, … Read the full press release

SFC Energy Collaborates with ConnectCom Sarl to Provide Customized Emergency Power Solutions

(IN BRIEF) SFC Energy AG, a leading supplier of hydrogen and methanol fuel cells, has partnered with ConnectCom Sarl to develop a customized emergency power solution. The collaboration involves supplying stationary EFOY H₂Cabinet X series units and utilizing the H₂Genset … Read the full press release

ArcelorMittal Sets Date for Annual General Meeting and Updates on Board Committee Chair

(IN BRIEF) ArcelorMittal, a major steel company based in Luxembourg, has announced the date for its Annual General Meeting of shareholders, scheduled for April 30, 2024, at 3 p.m. CET. Shareholders eligible to vote will be determined based on their … Read the full press release

CACEIS Enhances Client Services with PRIIPs Reporting via Connect Store Partnership

(IN BRIEF) CACEIS has partnered with Regulatory Technology specialist AlphaOmega to offer a PRIIPs reporting service for clients of its Private Equity Real Estate Solutions business line. Available through the Connect Store, CACEIS’ online marketplace, the service provides clients with … Read the full press release

Sweco Leads Sustainable Südspidol Hospital Complex Project in Luxembourg

(IN BRIEF) Sweco, a leading technology consulting firm, will lead a consortium tasked with developing the new Südspidol hospital complex in Esch-sur-Alzette, Luxembourg, scheduled for full operation by 2033. Partnering with Centre Hospitalier Emile Mayrisch (CHEM), Sweco will oversee the … Read the full press release

Luxembourg’s EV Charging Infrastructure Expands with SWIO and EVBox Partnership

(IN BRIEF) SWIO, a joint venture by mobility service provider Losch and infrastructure engineering firm SOCOM, is partnering with EVBox, a leading electric vehicle (EV) charging solutions provider, to introduce high-speed EV charging stations in Luxembourg. SWIO has already installed … Read the full press release

Thales Alenia Space and Partners Collaborate on Digital Twin Earth Prototype for Flood Prediction in Luxembourg

(IN BRIEF) The Luxembourg Space Agency (LSA) has been supporting Thales Alenia Space, along with partners the Luxembourg Institute of Sciences and Technologies (LIST) and PricewaterhouseCoopers Luxembourg (PwC), in their initiative to create a Proof of Concept for a flood … Read the full press release

Mercedes-Benz and Eneco Partner to Simplify Electric Driving Transition

(IN BRIEF) Mercedes-Benz Belgium Luxembourg & Netherlands is joining forces with Eneco to establish a strategic partnership focused on charging solutions to facilitate the transition to electric driving for customers. This collaboration aims to provide both business and private customers … Read the full press release

Luxembourg Increases Pledge to Financial Inclusion Fund, Expanding Support for Vulnerable Groups

(IN BRIEF) Luxembourg has pledged an additional €4.8 million to the EIB Global’s Financial Inclusion Fund, bringing the fund’s total size to €11.5 million. The fund supports financial service providers that focus on vulnerable groups in African, Caribbean, and Pacific … Read the full press release

European Investment Bank Commemorates Diversity Day Lëtzebuerg to Promote Inclusion in the Workplace

(IN BRIEF) The European Investment Bank (EIB) celebrated Diversity Day Lëtzebuerg, Luxembourg’s national day of diversity, as part of European Diversity Month. The event, organized by the Diversity Charter Lëtzebuerg, aimed to promote diversity and inclusion in the workplace. The … Read the full press release

Clearstream Launches New Bank in Luxembourg for Institutional Fund Investors

(IN BRIEF) Clearstream has launched a new bank called Clearstream Fund Centre S.A. in Luxembourg, which will provide services to institutional fund investors. The new entity operates under a commercial banking license and will be an important part of Deutsche … Read the full press release

Alzette river and tributary Pétrusse in Luxembourg to be restored with €9m loan from EIB

(IN BRIEF) Luxembourg has secured a €9m ($10.5m) loan from the European Investment Bank to finance the ecological restoration of the Alzette river and its tributary, the Pétrusse. The project, which will cover a section of the Alzette in Steinsel … Read the full press release

Bristol to Istanbul: Friends take on epic tandem ride for charity

(IN BRIEF) Archie Benn and Isaac Tredant, two friends who have never ridden a tandem before, will pedal a tandem bicycle 2,000 miles from Bristol to Istanbul to raise money for the Bristol homeless shelter Julian Trust. The best mates … Read the full press release

Framework rebrands to daappa, heralding a new phase in fintech solutions designed for private markets

(PRESS RELEASE) LUXEMBOURG, 17-Jan-2021 — /EuropaWire/ — Global fintech, Framework PEIDM, has announced a new name and brand identity – alongside a new product release – as the final phase of its multi-year digital transformation. Building on a long pedigree, … Read the full press release

Fidupar Now Live on Framework’s Core Solution

Leading Luxembourg fund servicing company Fidupar goes live with Framework’s investment and operations platform, further scaling its private asset administration and investor services capability. (PRESS RELEASE) LONDON, 13-Dec-2021 — /EuropaWire/ — Framework, a specialist provider of middle and back-office technology … Read the full press release

European Commission funded project YOUNG 50 aimed at preventing cardiovascular disease risk factors in people aged 50 launches in Luxembourg, Lithuania and Romania

(PRESS RELEASE) LUXEMBOURG, 29-Nov-2021 — /EuropaWire/ — Luxembourg Institute of Health (LIH), a public biomedical research organisation, has announced that a project called YOUNG 50 and funded by the European Commission launches in Luxembourg with the aim to screen and … Read the full press release

Kuehne+Nagel opens 34.000m² contract logistics fulfilment centre in Contern, Luxembourg

Kuehne+Nagel Luxembourg’s third contract logistics site leverages the central location in Europe for e-commerce (PRESS RELEASE) CONTERN, Luxembourg, 28-Oct-2021 — /EuropaWire/ — Kuehne+Nagel (SWX: KNIN), one of the world’s leading logistics companies, has announced it is expanding its contract logistics … Read the full press release

High-level conference on ‘Investment, Technological Transformation and Skills’, Luxembourg, 28 – 29 November 2018

Interview and briefing opportunities with EIB Vice-President Andrew McDowell, EIB Director of Economics Debora Revoltella,  Director of the Center on Global Economic Governance at Columbia University Professor Jan Svejnar. KIRCHBERG, Luxembourg, 28-Nov-2018 — /EuropaWire/ — On 28 and 29 November, the … Read the full press release

Redstor defies Brexit uncertainties by expanding into mainland Europe

READING, 01-Nov-2018 — /EuropaWire/ — Redstor, a leading UK-headquartered cloud data management SaaS company, is targeting mainland Europe as part of aggressive growth plans to treble business by 2020. Paul Evans, Redstor co-founder and chief executive, is refusing to allow … Read the full press release

AXA Investment Managers – Real Assets acquired Le Dôme, a high quality office building in Luxembourg

PARIS, 22-Oct-2018 — /EuropaWire/ — AXA Investment Managers – Real Assets (“AXA IM – Real Assets”), a global leader in real asset investments and the leading(1) real estate portfolio and asset manager in Europe, announces that it has acquired, on behalf of … Read the full press release

BNP Paribas Securities Services to become the fund administration service provider for DWS’s actively-managed funds in Germany and Luxembourg

BNP Paribas Securities Services and DWS, one of the world’s leading asset managers, have entered into an agreement for BNP Paribas Securities Services to provide DWS with fund administration services, and DWS’s retail funds with depositary and custody services, in Germany and … Read the full press release

Assicurazioni Generali SpA opens a new (re)insurance branch dedicated to the Employee Benefits business in Luxembourg

TRIESTE, 29-May-2018 — /EuropaWire/ — In line with the strategic objectives of the Generali Group to consolidate its leadership in the Employee Benefits (EB) sector, Assicurazioni Generali SpA announces the setup of a new Branch in the Grand Duchy of … Read the full press release

Kuehne + Nagel extends overland pharma cross dock platform in Contern, Luxembourg

Extension of the European overland pharma cross dock platform in Luxembourg for more frequent departures and faster transit times Complete coverage to all European destinations Enhanced real time monitoring solutions for temperature sensitive pharma shipments Contern, Luxembourg, 26-Mar-2018 — /EuropaWire/ … Read the full press release

Lithuania to sell renewable energy to Luxembourg between 2018 and 2020

BRUSSELS, 27-Oct-2017 — /EuropaWire/ — Today (26 October 2017) Lithuania and Luxembourg signed an agreement on a so-called statistical transfer of renewable energy. Under this agreement Lithuania will sell a specified amount of renewable energy to Luxembourg between 2018 and 2020. … Read the full press release

Luxembourg and Switzerland: 100th anniversary of the establishment of the Grand Duchy’s first diplomatic representation in Switzerland

BERN, 12-Oct-2017 — /EuropaWire/ — Luxembourg and Switzerland have close, long-standing relations. To celebrate the 100th anniversary of the establishment of the Grand Duchy’s first diplomatic representation in Switzerland, the foreign minister of Luxembourg, Jean Asselborn, visited Bern on 10 October … Read the full press release

China’s Vice Premier Ma Kai visits the offices of CACEIS in Luxembourg

LUXEMBOURG, 31-Oct-2016 — /EuropaWire/ — During an official visit to Luxembourg on 20th October 2016, China’s Vice Premier Ma Kai led a delegation to visit the offices of CACEIS. CACEIS CEO, Jean-François Abadie commented, “We are delighted to have the opportunity … Read the full press release

POST Luxembourg: 50 percent of all homes in Luxembourg now connected to fibre-optic network

A milestone in ultra-fast Internet in Luxembourg LUXEMBOURG, 22-Feb-2016 — /EuropaWire/ —  As early as 1997 POST Luxembourg realised the advantages of fibre-optic technology for residential subscribers and since then has been developing and laying “hybrid cables” – data transmission … Read the full press release

Banque et Caisse d’Epargne de l’Etat, Luxembourg (BCEE): Launch of a brand new version of the S-net Mobile app

Rapidité, navigation intuitive et sécurité – tels furent les principaux objectifs poursuivis par la Banque et Caisse d’Epargne de l’Etat, Luxembourg (BCEE) lors du développement de sa toute nouvelle version de l’application S-net Mobile, lancée en date du 18 mai. … Read the full press release

The European Investment Bank to finance Hungary’s railway infrastructure rehabilitation and upgrade with EUR 250 million

Luxembourg / Budapest, Hungary, 9-1-2014 — /EuropaWire/ — The European Investment Bank (EIB) is lending EUR 250 million to finance the implementation ofHungary’s railway infrastructure rehabilitation and upgrading investment programme for the period2013-2016. The objective is to improve the safety, capacity and performance of the existingconventional railway infrastructure with positive impacts on commuters and … Read the full press release

EU Court of Auditors: new guidelines for audit institutions to improve state of disaster risk reduction to be endorsed at INTOSAI Congress, October 21-26

Luxembourg, 11-10-2013 — /EuropaWire/ — On the occasion of the United Nations International Day for Disaster Reduction, the European Court of Auditors announced today that new guidelines for audit institutions to improve the state of disaster risk reduction around the world … Read the full press release

P&T Group Luxembourg announced 2.1% increase in turnover for the financial 2012

In a difficult climate, the P&T Group ended the 2012 financial year with a 2.1% increase in turnover. Investments reached almost EUR 160 M. P&T Group, a prominent stakeholder in sustainable development, is keenly aware of its social, ethical and … Read the full press release

EIB priced SEK 400 million tap of its SEK 750 million Climate Awareness Bond (CAB) maturing on July 24, 2020

02-8-2013 — /EuropaWire/ — On July 30, the European Investment Bank (‘EIB’) priced a SEK 400 million tap of its SEK 750 million Climate Awareness Bond (CAB) maturing on July 24, 2020. The bond was placed with Scandinavian investors. EIB CABs … Read the full press release